USD/KZT at the day closing - 138.90/139.05 (indicators)

15.11.99 00:00
/IRBIS, Nov.15, 99/ - According to REUTERS, at the moment of closing of Kazakhstan's OTC-market on November 11 tenge/dollar quotations have made 138.90/139.05 tenge per dollar at the average weighted exchange rate of 139.10 (-0.51) and session closing quotations of 139.16/17. By the dealers interbank quotations, tenge as against of the previous day closing increased by 40 point on demand and increased by 35 points on supply. The dollar quotations in the interbank market all day remained below than exchange closing and average weighted quotations. At that demand dollar price remained stable except small decrease in the middle of the day. Spreads varied today from 10 to 30 points at average 20. They also reached their maximum at noon. At the moment of the market closing they decreased to 15 points and held on it during the last hour. The interbank overnight deposits rates have grown today in comparison with the yesterday's, as well as in comparison with the morning's values, and has reached by the day ending of 5.5/7.5% p.a. The banks of the second tier in the KASE's repo sector have begun to the means attraction. The actual price for three days is 6.0% a year. Message about cancellation of obligatory sale of exporters' proceeds on KASE has not influenced the interbank dollar market. Also there were no changes in the quotation dynamics. Today's Marchenko's statement concerning cancellation the obligatory sale conciliation, looked quite argued. Therefore any rough reaction of the market should not be expected. In any case, the market today trusts in a stable tenge in the nearest future. Dollar demand has decreased in all trade sectors. Nevertheless, the IRBIS's experts abstain today from the categorical forecasts on Tuesday. The objective market indicators testify to the possibility of the further tenge increasing.